Mondelez forecasts steep drop in annual profit on soaring cocoa prices
Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling pressures from higher costs, including from surging cocoa prices, sending its shares down nearly 6% after the bell.
As cocoa prices continue to fluctuate on the higher end, cocoa powder and cocoa fat solutions may provide some relief for ...
Soaring cocoa prices and the cost-of-living crisis are pushing confectioners to rethink pricing, pack sizes, and innovation.
Piper Sandler Analyst Michael Lavery slashed his price target for Hershey’s stock HSY by $23 to $120 a share over “expectations that recently elevated cocoa costs will last longer than ...
Chicago's bakers are readying to raise prices as one of their most frequently used ingredients becomes increasingly expensive ...
Mondelez expects approximately 5% revenue growth for 2025, supported by revenue growth management (RGM) initiatives and price adjustments. Management acknowledged that adjusted EPS is expected to ...
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Mondelez warns of additional “headwind” from Trump tariffs threatMondelez International said President Trump’s threat to impose import tariffs on Mexico and Canada could create a "headwind" ...
Mondelez International Inc shares slumped in after-hours trading after the snack food company said “unprecedented cocoa cost ...
A collaboration between Abertay University and a food biotechnology company has led to the development of an innovative ...
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